Hakimian Capital Provides $41 Million Refinance Loan For Mixed-Use Property In Manhattan
58 West 47th Street
$41,000,000
$407/SF
Building Size
100,678 SF
Asset Type
Mixed-use
Closing
Jun 26, 2026
About this deal
AI
The asset involved is a mixed-use property located at 58 West 47th Street in Manhattan, encompassing a total of 100,678 square feet. A refinance loan was secured for this property amounting to $41,000,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $41,000,000
- Square Footage: 100,678
- Address: 58 West 47th Street
- Market: Manhattan
- Lender: Michael Hakimian, Sammy Hakimian, & Daniel Nadri - Hakimian Capital
- Loan Type: Refinance
The lenders involved in this refinancing transaction are Michael Hakimian, Sammy Hakimian, and Daniel Nadri, all of whom represent Hakimian Capital in this deal.
On the Map
$41,000,000
$407/SF
Mixed-use
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Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93